Funds steer clear of Dubai real estate

Qatar, the natural-gas-rich nation that’s Dubai’s neighbour to the west, has focused on domestic projects and foreign investments in cities like London rather than developments on its doorstep. Qatari Diar Real Estate Investment Co, part of the country’s sovereign-wealth fund, helped build London’s Shard skyscraper and formed a partnership with Canary Wharf Group Plc to redevelop the Shell Centre near the London Eye Ferris wheel into a complex of offices and apartments.
Abu Dhabi Investment Authority, among the world’s biggest sovereign-wealth funds, has a maximum allocation of 10 per cent for real estate investments, according to its website. The fund, backed by the emirate’s oil revenue, only invests outside the UAE………………………………………..Full Article: Source